A Look Ahead to 2023 in Toronto Real Estate

Send us Fan Mail2022 started with a buying frenzy with prices going through the proverbial roof. Borrowing rates were low so multiple offers was the norm. But then came the interest rate hikes and buyer fatigue set in.Does that mean we’re due for a crash in 2023?Not likely. Surveys are showing consumers are overwhelmingly saying “I’m going to get back into the market, I just don’t know my timing.”It’s also consistently clear the greater Toronto area continues to be the biggest magnet for new immigrants to Canada, and one of the biggest reasons for that is the diversified and healthy job market.In this episode, economist Steve Tabrizi has a closer look at all the indicators and resolves 2023 is likely a year of stabilization without parachutes required.Guest: Steve Tabrizi, Broker / Owner and COO RE/MAX Hallmark Group of CompaniesSteve’s website Desmond can be reached at:Web site https://inthe6ixrealestate.com/ Email [email protected] Twitter & Instagram - @desinthe6ixFacebook page